Canadian exports aren’t growing as quickly as policy makers would like and business investment is “stagnant,” Finance Minister Joe Oliver said Monday, as a series of indicators suggest Canada’s economy has hit a rough patch with full-time employment shrinking in the past 12 months.

Still, Mr. Oliver said he remains confident the country’s economy is on the right path and set to hit growth targets set out in this year’s budget plan, of 2.3% expansion in 2014 and 2.5% growth in 2015.